Browsing: NZD/USD Forecast

The New Zealand dollar enjoyed the second week of modest rises, but things were not really straightforward. The milk auction as well as a speech from RBNZ governor Wheeler stand out. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The RBNZ’s financial stability report did not rock the boat, but OPEC’s agreement had an indirect and positive effect on the kiwi. Commodity currencies enjoyed the decision on oil. In the US, data was mostly positive, with a beat in GDP as well as other good news, but the consolidation continued. NZD/USD daily graph with support and resistance lines on it.…

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The New Zealand dollar  traded in a narrower range, dipping under 0.70 but recovering as well. The RBNZ sticks out in the first week of the last month. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The US dollar continued to move higher on the “Trump effect”, but this wasn’t as stark as previously seen. In New Zealand, the trade balance deficit squeezed to 846 million, better than predicted and also credit card spending accelerated. However, core retail sales fell short. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: RBNZ Financial Stability Report: Tuesday, 20:00.…

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The New Zealand dollar continued tumbling down after the dollar continued surging on Trump. The earthquake in New Zealand delayed some publications. The upcoming week features three events. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Milk prices continued rising, with another +4.5% in the latest GDT Price Index. Retail sales rose by 1.5% in Q3, but the core sales number is still awaiting. This is better than 0.9% seen beforehand. Despite the positive news, the greenback’s sweep on Trump’s Triumph pushed NZD/USD lower. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: Core retail sales:…

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The New Zealand dollar had a terrible week, reversing the gains seen beforehand, as Trump’s Triumph hurt it hard and the RBNZ’s rate cut did not help. The upcoming week features retail sales among other events. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The Reserve Bank of New Zealand cut interest rates to 1.75% as expected and the door remains open for more cuts. This does not bode well for the kiwi. In the US, Trump’s victory in the elections was a shocker that left commodity currencies bleeding and the kiwi was not spared. NZD/USD daily graph with support…

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The New Zealand dollar had an excellent week, riding higher alongside jobs. Apart from the US elections, the RBNZ rate decision stands out, with a potential for a rate cut. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. New Zealand reported a jump of 1.4% in employment in Q3, with a drop of the unemployment rate to 4.9%. Together with a leap in milk prices worth 11.4%, and worries about the US elections, the kiwi surged. Stable inflation expectations and a positive change of mood towards the elections cooled it down just a bit. NZD/USD daily graph with support and resistance…

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The New Zealand dollar struggled against the strength of the US dollar. The upcoming week is very busy, with the jobs report standing out. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The sole release from New Zealand was trade balance, which disappointed with a deficit of 1.436 billion. In the US, data was mixed with GDP beating in the headline but missing on the internals. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: Building Consents: Sunday, 21:45. The number of building approvals is a good gauge for the housing sector, despite some volatility. Consents dropped…

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The New Zealand dollar made an attempt to recover, but never went too far, despite good data. The calendar is lighter in the upcoming week, but this does not imply no action. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The kiwi enjoyed a winning streak of economic data: quarterly CPI rose 0.2%, not impressive on its own, but better than 0% expected. Milk prices rebounded by 1.4% and also visitor arrivals and credit card usage were on the rise. In the US, the dollar took a temporary break before moving higher, partially fueled by the beat…

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The New Zealand dollar was unable to weather the dollar storm, and extended its falls. Will it fall on its feet now? The kiwi faces the milk auction as well as well as the quarterly inflation figure. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Data in New Zealand such as the Business NZ Manufacturing Index looked upbeat, but this did not help the NZD against the soaring USD. Higher expectations for a rate hike following the Fed minutes as well as OK data kept the greenback bid. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: CPI: Monday,…

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The New Zealand dollar was on the back foot in the wake of the new quarter, succumbing to the strength of the US dollar. 2 events are lined up today. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The fall of 3% in milk prices after a few strong auctions weighed on the kiwi. Yet it was the surge in the greenback that was responsible for the downfall in NZD/USD. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: Business NZ Manufacturing Index: Wednesday, 21:30. This PMI-like indicator showed solid growth in the manufacturing sector, not New…

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The New Zealand dollar maintained a safe distance from the highs and seems reluctant to push higher. Nevertheless, it closed the week slightly higher. The first week of the new quarter features the bi-weekly auction. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. New Zealand’s trade balance deficit significantly widened, crossing the 1 billion line and weighing on the kiwi. On the other hand, business confidence improved in the nation. n the US, mixed durable goods orders were accompanied by upbeat consumer confidence. US GDP saw a small upgrade in the final read for Q3, but the pace remains…

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